The ruling on transferring funds through banks while taking a fee

Question:
This questioner, Abu 'Ayyish, says: May Allah reward you, Honorable Shaykh. What is the ruling on transferring money in the following manner? One goes to a branch of one of the banks or companies to transfer, then gives the employee the amount to be transferred in Saudi riyals, and this person sends it in the currency of his country or another country, such as the dollar, and takes twenty-five riyals as a fee for the transfer. What is the ruling? May Allah reward you.

Answer:
In the name of Allah, the Most Gracious, the Most Merciful. Praise be to Allah, Lord of the worlds, and may Allah send blessings and peace upon our Prophet Muhammad, and upon his family and all his Companions. As for what follows, transferring is considered currency exchange (sarf), exchanging one currency for another or cash for cash, and currency exchange requires the exchange of possession in the meeting, as the Messenger of Allah (peace and blessings be upon him) said: . So you buy the currency you want to send to the person you want to send it to, then you transfer it. As for you handing over the money and then receiving its equivalent in another country, this is delaying the exchange of possession, and it is riba al-nasi'ah (usury of deferment), and it is not permissible.
As for the bank or financial institution taking a fee for the transfer, there is nothing wrong with that, because the bank has not provided anything other than the work of the transfer itself. It has not given you money or taken an increase on it; rather, it has only received from you and sent it. So it takes a fee for the transfer operation. But as we mentioned, it must be noted that the exchange of possession in the meeting place is required, exchanging one currency for another of a different type. Yes.

The presenter:
May Allah reward you with good.